VTB Capital wins Hong Kong investment banking licence

VTB Capital, the investment business of Russia’s VTB Group, has won an investment banking licence from Hong Kong’s Securities and Futures Commission.

This is one more step for the partially state-owned VTB banking group to build its business in Asia and ensure that it is on the ground ready to facilitate deal flow for Russian clients looking to Asia for liquidity. And, indeed, earlier this week FinanceAsia and AsianInvestor hosted the second Russia Capital Raising and Investment Summit in Hong Kong to facilitate conversations between Russian and Hong Kong corporates and investors.

“Asia is a strategic market for VTB Capital,” said Alexey Yakovitsky, the firm’s...